The fourth episode of The D&O Diary Podcast Series, discussing the D&O liability and insurance implications of the current Trump administration’s tariff policies, is now live.

The D&O Diary has closely followed the rapidly evolving tariff environment and the growing range of litigation and liability issues arising from it. Building on our prior posts examining tariff-related securities litigation, refund litigation, and emerging corporate disclosure challenges, we discuss in this latest episode how tariffs have become a D&O risk for both public and private companies.

Continue Reading The D&O Diary Podcast Series – Episode 4: Tariffs, Geopolitics, and D&O Risk

The current Trump administration’s tariff policies have created operating challenges for many companies, challenges that in at least some cases have translated into securities class action lawsuits. In the latest example, the solar panel company First Solar has been hit with a tariff-related securities class action lawsuit after the company experienced complications in its international operations due to the tariffs. A copy of the new First Solar securities class action lawsuit can be found here.

Continue Reading Solar Panel Company Hit with Tariff-Related Securities Suit

As Sarah Abrams noted in a post on this site last September, President Trump, in a social media post, proposed eliminating quarterly report for public companies. On May 5, 2026, the SEC acted on the President’s suggestion and proposed a rule that would provide companies currently subject to the agency’s quarterly reporting requirements with the option to instead file interim reports semiannually. It seems likely that optional semiannual reporting will soon be put into effect. The question is whether this is a good idea or will produce the intended benefits, as discussed below.

Continue Reading SEC Proposes Allowing Optional Semiannual Reporting

In the months since the current Trump administration first announced the so-called “Liberation Day” tariffs, some companies have struggled to deal with the tariffs’ economic impacts, and in at least some cases, companies’ tariff-related problems have led to securities class action litigation (as discussed, most recently, for example, here). In the latest example of this phenomenon, earlier this week the social media company Pinterest was hit with a securities suit after the company announced that tariff-related headwinds had caused its business partners to cut back on advertising on the company’s site. A copy of the March 30, 2026, Pinterest complaint can be found here.

Continue Reading Tariff-Related Securities Suit Hits Social Media Platform Pinterest

Crypto asset investors and issuers alike have long sought greater clarification on questions surrounding the actual or potential applicability of the federal securities laws to digital assets. SEC Chair Paul Atkins previously declared his intent to provide relevant guidance. Now, the SEC, acting in conjunction with the Commodities Futures Trading Commission, has issued detailed guidance segmenting digital assets between those to which the securities laws apply and those to which the laws do not apply, as well as clarifying under what circumstances digital assets can become subject to the securities laws. The agencies’ clarifications will provide significant illumination for investors and issuers, and at least potentially for D&O insurance underwriters as well.

Continue Reading SEC Issues Guidance on the Application of the Securities Laws to Digital Assets

While there have been dramatic developments in recent days related to the Trump administration’s tariff-policies – including the U.S. Supreme Court striking down the administration’s IEEPA tariffs and the Trump administration announcement of new across-the-board Section 122 tariffs – the uncertainty companies have faced related to the tariffs continues, and indeed may even have been exacerbated. A new securities suit filed earlier this week against Lakeland Industries, a company whose operations and financial results were impaired by “tariff headwinds,” illustrates how the continuing tariff uncertainty may translate into corporate and securities litigation in the weeks and months ahead. A copy of the February 23, 2026, Lakeland Industries complaint can be found here.

Continue Reading Protective Clothing Company Hit with Tariff-Related Securities Suit
Sarah Abrams

Following the Supreme Court’s recent decision striking down President Trump’s IEEPA tariffs, many companies will now have to consider whether and how they might seek a refund. Indeed, the first of what undoubtedy will be many refund actions has already been filed. In the following guest post, Sarah Abrams examines the refund-related questions corporate executives now face, and considers the D&O risks involved. My thanks to Sarah for allowing me to publish her article as a guest post on this site. Here is Sarah’s article.

Continue Reading Guest Post: Tariff Whiplash, Refund Strategy, and D&O Risk

Last Friday, the U.S. Supreme Court issued its much-anticipated ruling in the case challenging the tariffs President Trump imposed in reliance on the International Economic Emergency Powers Act (IEEPA). By a 6-3 majority, the Court ruled in Learning Resources v. Trump that the IEEPA does not authorize the President to impose tariffs. However, even though the Court has now ruled, questions and uncertainty remain. As discussed below, the continuing questions have important implications for companies’ tariff-related D&O risk. The Court’s February 20, 2026 opinion can be found here.

Continue Reading What Does the Supreme Court’s Tariffs Decision Mean?
Sarah Abrams

Recent shifts in regulatory scrutiny, proxy-advisor guidelines, and institutional-investor practices are reshaping how boards, investors, and insurers navigate the governance risks associated with proxy advisor practices. These developments take on particular significance as companies head into the 2026 proxy season. In the following guest post, Sarah Abrams takes a look at these proxy advisory-related practices developments and considers their significance. My thanks to Sarah for allowing me to publish her article as a guest post on this site. Here is Sarah’s article.

Continue Reading Guest Post: Proxy Power in Flux: Governance, Politics, and D&O Risk